Quilter Investors LTD trimmed its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 23.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,529 shares of the financial services provider’s stock after selling 33,620 shares during the quarter. Marsh & McLennan Companies comprises 10.3% of Quilter Investors LTD’s investment portfolio, making the stock its 2nd biggest holding. Quilter Investors LTD’s holdings in Marsh & McLennan Companies were worth $10,726,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of MMC. Lenox Wealth Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at approximately $26,000. Coastal Capital Group Inc. acquired a new position in Marsh & McLennan Companies during the second quarter worth $30,000. Capital Advisors Ltd. LLC acquired a new position in Marsh & McLennan Companies during the second quarter worth $31,000. Cullen Frost Bankers Inc. raised its holdings in Marsh & McLennan Companies by 2,385.7% during the second quarter. Cullen Frost Bankers Inc. now owns 348 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 334 shares during the last quarter. Finally, Thor Advisors LLC acquired a new position in Marsh & McLennan Companies during the first quarter worth $37,000. 85.65% of the stock is owned by institutional investors.
Marsh & McLennan Companies stock traded up $1.12 during mid-day trading on Friday, hitting $97.78. 1,442,100 shares of the company were exchanged, compared to its average volume of 1,610,398. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.18 and a quick ratio of 1.18. The business’s 50 day simple moving average is $100.56 and its two-hundred day simple moving average is $95.68. The company has a market capitalization of $48.94 billion, a P/E ratio of 22.48, a PEG ratio of 1.72 and a beta of 0.77. Marsh & McLennan Companies, Inc. has a 12-month low of $74.30 and a 12-month high of $103.36.
Several equities analysts recently issued reports on MMC shares. ValuEngine cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Keefe, Bruyette & Woods cut Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $100.00 to $99.00 in a report on Wednesday, June 12th. Zacks Investment Research cut Marsh & McLennan Companies from a “hold” rating to a “sell” rating and set a $105.00 price objective for the company. in a report on Monday, July 1st. UBS Group lifted their price objective on Marsh & McLennan Companies from $98.00 to $102.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Finally, Royal Bank of Canada lifted their price objective on Marsh & McLennan Companies from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $98.50.
Marsh & McLennan Companies Profile
Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.
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